Bitcoin experienced a sharp rejection at the $100,000 level, causing it to drop to $94,000. Altcoins also suffered significant losses but managed to recover some ground. The volatility resulted in over 500,000 traders being liquidated, totaling $1.6 billion in losses. Bitcoin's dominance over altcoins has increased to 53%. Some of the worst-performing altcoins include BRETT, WIF, WLD, EOS, GALA, SAND, and TAO. ETH, SOL, and BNB also saw declines, while XRP briefly fell below $2. The total crypto market cap decreased from $3.9 trillion to just over $3.6 trillion.
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Weekly Analysis Of The Cryptocurrency Market: Altcoins Surpass Previous Highs As Bulls Buy Every Dip